Bald Eagle Co. has a dividend yield of 3.75 percent and is expected to maintain a constant 2.1 percent growth rate in its dividends indefinitely. Based on this information, what is the required return on the company's stock? (Do not round intermediate calculations. Input your answer as a percent rounded to two decimal places i.e. 1.23. Do not include a percentage sign with your answer.) Numeric Response I

Bald Eagle CO. has a divdend yield of 3.75 percent and is expected to maintain a constant 2.1 percent growh rate in its dividends indefinitely, Based on this information, what is the required return on the companys stock? (Do not round intermediate calculations. Input your answer as a percent rounded to two decimal places ie. 123. Do not include a percentage sign wath your answers Numeric Response